But that was a dramatic event, the biggest offshore oil spill in U.S. history.
Eleven people died in the initial Deepwater Horizon explosion, which then caused the biggest ever offshore oil spill, in the Gulf of Mexico.
The explosion in April of that year of a drilling rig in the Gulf of Mexico triggered the largest offshore oil spill in the country's history.
U.S. prosecutors are preparing what would be the first criminal charges against BP employees stemming from the 2010 Deepwater Horizon accident, which killed 11 workers and caused the worst offshore oil spill in U.S. history.
The London-based company has lost more than a third of its stock-market value since April 20, when one of its gulf wells blew out, destroying the Deepwater Horizon drilling rig, killing 11 men and triggering the worst offshore oil spill in U.S. history.
Among the company's motivations to settle before a trial would be to avoid the higher end of that range, which U.S. District Judge Carl Barbier could impose if he ruled the company acted with gross negligence before the well blowout on April 10, 2010, that triggered an explosion, killing 11 workers and spawning the nation's worst offshore oil spill.
In 2010, President Obama appointed Mr. Reilly Co-Chair of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling.
WHITEHOUSE: President Obama Announces More Key Administration Posts
That is why, on Friday, I signed an executive order establishing the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling.
WHITEHOUSE: Weekly Address: BP Oil Spill Independent Commission
At the end of June, President Obama announced that Richard Lazarus would serve as executive director of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling.
The letter from Fred Bartlit Jr. to the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling said that tests in February on a cement slurry similar to what was used on the Macondo well showed instability -- and that both companies had the data.
But we can only pursue offshore oil drilling if we have assurances that a disaster like the BP oil spill will not happen again.
WHITEHOUSE: Weekly Address: BP Oil Spill Independent Commission
"Ultimately, what this spill shows is that offshore oil drilling simply cannot be done safely, " Sen.
WSJ: Oil Industry Recommends Offshore Safety Measures After Gulf Spill
Given the growing distaste for offshore drilling in the wake of the ongoing BP oil spill in the Gulf of Mexico, the coal mining group could receive added attention as a viable alternative.
But Alaska politicians, industry consultants and analysts question whether tight new regulations in the wake of the oil spill in the Gulf might discourage offshore drilling in the Arctic, removing that as a way to postpone the Trans-Alaska Pipeline's decline.
The Obama administration is looking for ways to improve the regulation of offshore drilling in the wake of the Gulf of Mexico oil spill, which stemmed from an explosion in April on the Deepwater Horizon rig, operated by BP.
FORBES: Drilling Industry Meets With Interior Secretary To Discuss New Safety Organization
The federal government's new wariness about offshore drilling in the wake of the Gulf of Mexico oil spill is dimming what may be the best hope for extending the life of the Trans-Alaska Pipeline, a crucial artery supplying one-quarter of the West Coast's oil.
Opponents of the expansion are pointing to the spill as timely evidence of safety concerns over offshore oil extraction.
Further, this administration slammed the door on offshore activity in a gross over-reaction to the BP oil spill, and has refused to open it more than a crack since.
FORBES: State Of The Union: Apparently, Hugh Hefner is Responsible for Abstinence
The disastrous BP oil spill has raised awareness of the risk of offshore drilling, and is likely to create renewed interest in abundant and clean-burning natural gas as an alternative for many uses.
At the same time, we have implemented comprehensive reforms in the wake of the Deepwater Horizon oil spill in the Gulf of Mexico that has made offshore development safer and more responsible.
After the Deep Horizon oil spill, Salazar put a six-month delay on an offshore drilling program.
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Shell's plans had been held up by BP's disastrous 2010 oil spill in the Gulf of Mexico, which prompted a review of offshore drilling plans.
Following the Gulf oil spill last spring, the Obama administration imposed a moratorium on all new offshore drilling permits.
The offshore drilling business has been in the headlines since the April 20th Deepwater Horizon explosion and subsequent oil spill.
Executive Order 13554 of October 5, 2010, was issued after the blowout and explosion of the mobile offshore drilling unit Deepwater Horizon that occurred on April 20, 2010, and resulted in the largest oil spill in U.S. history (Deepwater Horizon Oil Spill).
WHITEHOUSE: Executive Order -- Gulf Coast Ecosystem Restoration
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